DXY showing signs of strength (reverse correlated with BTC)
The uptrend DXY has appeared to be starting to form only has 1 validation touch on the trend line (I'd like to see one more before confirming a rally to the upside) which would mean a bearish Q1 for bitcoin (we've already seen 25%+ pullback since $40,000.
I'm thinking we're going to see a high leverage stop hunt/liquidation for short positions, confirm a bearish downtrend and then proceed towards previous ATH ($20,000) and probably dip below that level)
Time will paint this narrative.
Watch $DXY & $BTC closely together (free alpha)
I'm thinking we're going to see a high leverage stop hunt/liquidation for short positions, confirm a bearish downtrend and then proceed towards previous ATH ($20,000) and probably dip below that level)
Time will paint this narrative.
Watch $DXY & $BTC closely together (free alpha)
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